ACCUMULATION PHASE A : BTC 1D Timeframe 2021/06/07
Updated
BITBAY:BTCUSD
This chart analysis is simplified and gamed by previous success methods by yours truly. DYOR, take it with a grain of salt if matters of analysis conflict with yours.
Wycoff Phase A
Fundamentals
Summary
PS - Preliminary Support holds support in channel.
SC - Selling Climax too follow.
Key Notes:
Williams R% has aided in effectively predicted trend projections 10/10 times this quarter on daily time frames for me personally chart is not focused on this momentum oscillator but I do implore onlookers to gather reflections.
Gaining effective trend lines are merely encouraged by simple level tests.
Manipulators are neither conspiratorial nor fictitious. They vary in size, however institutional demand has existed since 2009. Concentration of manipulators are as natural as retail, some say slowly gaining equal and collective boundaries.
Thanks, be easy.
This chart analysis is simplified and gamed by previous success methods by yours truly. DYOR, take it with a grain of salt if matters of analysis conflict with yours.
Wycoff Phase A
Fundamentals
- Widening spread on chart and selling pressure due to lack in news affected price action (1 of many catalysts) followed by AR (automatic rally); price will test supply and demand levels at SC level.
- Institutional demand ensuing.
- Manipulators by large stopping downtrend after fake out. Bubbles of distribution meeting a center in price action. Short-coverings included.
Summary
PS - Preliminary Support holds support in channel.
SC - Selling Climax too follow.
Key Notes:
Williams R% has aided in effectively predicted trend projections 10/10 times this quarter on daily time frames for me personally chart is not focused on this momentum oscillator but I do implore onlookers to gather reflections.
Gaining effective trend lines are merely encouraged by simple level tests.
Manipulators are neither conspiratorial nor fictitious. They vary in size, however institutional demand has existed since 2009. Concentration of manipulators are as natural as retail, some say slowly gaining equal and collective boundaries.
Thanks, be easy.
Note
Preliminary support channel gaining momentum to test prompts for reversal/breakout.
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